Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-$10m ATM on Monday March 2 2020
-Coronavirus sympathy
-Emergent to manufacture Vaxart's experimental COVID-19 vaccine
-Jun 25 2020: Signs Memorandum of Understanding with Attwill Medical Solutions Sterilflow, LP
-Jun 26 2020: COVID-19 Vaccine Selected for the U.S. Government’s Operation Warp Speed
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bull Flag
-Levels: 6.5, 8, 8.5, 9.3, 9.8
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 short of 8 level
Confluence: Whole $
Strike Zone: 7.9 - 8.05
Sizing (lots): 3
Risk (stop / Rs): Hold above 8
Review / Lessons Learned
This move went parabolic towards 8.5, caught an emergency add in the 8.3's, tried candle wicked back hard so tried to hold for a bigger dump but it was still getting bought up at the bottom of the death candle so I covered for small win trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-30 09:56:19 | VXRT | sell | $7.900 | short |
| 2020-06-30 09:56:40 | VXRT | sell | $8.040 | short |
| 2020-06-30 09:56:40 | VXRT | sell | $8.040 | short |
| 2020-06-30 09:56:40 | VXRT | sell | $8.040 | short |
| 2020-06-30 09:56:40 | VXRT | sell | $8.040 | short |
| 2020-06-30 09:56:40 | VXRT | sell | $8.040 | short |
| 2020-06-30 09:56:40 | VXRT | sell | $8.040 | short |
| 2020-06-30 09:58:07 | VXRT | sell | $8.320 | short |
| 2020-06-30 09:58:07 | VXRT | sell | $8.320 | short |
| 2020-06-30 09:59:50 | VXRT | buy | $7.950 | short |
| 2020-06-30 10:00:16 | VXRT | buy | $7.940 | short |
| 2020-06-30 10:00:16 | VXRT | buy | $7.940 | short |
| 2020-06-30 10:00:16 | VXRT | buy | $7.940 | short |
| 2020-06-30 10:00:16 | VXRT | buy | $7.940 | short |
| 2020-06-30 10:00:22 | VXRT | buy | $7.960 | short |
| 2020-06-30 10:00:22 | VXRT | buy | $7.957 | short |
| 2020-06-30 10:00:22 | VXRT | buy | $7.960 | short |
| 2020-06-30 10:00:45 | VXRT | buy | $8.060 | short |
| 2020-06-30 10:00:45 | VXRT | buy | $8.060 | short |
| 2020-06-30 10:00:45 | VXRT | buy | $8.060 | 0 |
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